This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Newmont Promotes Gary Goldberg To President And Chief Operating Officer

DENVER, July 25, 2012 /PRNewswire/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") today announced that Executive Vice President and Chief Operating Officer Gary Goldberg has been promoted to President and Chief Operating Officer, reflecting his increased scope and organizational responsibilities within Newmont. 

Richard O'Brien, Newmont's Chief Executive Officer, said, "Newmont is executing a comprehensive plan to drive profitable growth in production and sustainable increases in shareholder value.  We have a strong management team, a solid balance sheet, great exploration potential, and a unique gold price-linked dividend that gives our shareholders direct leverage to gold prices.  With the significant contributions he has already made, Gary has quickly established himself as a leader at Newmont and his promotion reinforces my confidence in our ability to execute our plan and deliver superior value for shareholders in the years ahead." 

Mr. Goldberg joined Newmont in December, 2011 as Executive Vice President and Chief Operating Officer and is responsible for worldwide Operations, Projects, Health, Safety and Loss Prevention, Security, Solutions and Innovation, and Business Excellence.  He previously spent 30 years at Rio Tinto plc in increasingly senior positions in its gold, copper, coal, and industrial minerals businesses, including serving as President and Chief Executive Officer of Rio Tinto Minerals from 2006 to 2011. 

Vincent Calarco, Newmont's Chairman of the Board, said, "Since joining Newmont last year, Gary Goldberg has worked closely with Richard O'Brien and quickly demonstrated his deep mining experience as well as outstanding strategic, operating and financial skills.  The Board is confident that Gary will make increasing contributions to Newmont's ability to execute its plan, deliver profitable growth, focus on safety and effectively allocate capital to increase shareholder value."

In addition to his positions at Rio Tinto, Mr. Goldberg served as Chairman of the National Mining Association in the U.S. from 2008 to 2010 and led its CEO's Safety Council.  While serving as President and CEO of Borax, the company was twice named America's safest large mining operation by the federal Mine Safety & Health Administration and Borax was the first mining company to receive the California Governor's Environmental and Economic Leadership Award.  While serving as Managing Director of Coal & Allied Industries Limited in Australia, he was appointed to the Australian Government's Business Roundtable on Sustainable Development.  He holds a Bachelor of Science degree in Mining Engineering from the University of Wisconsin-Platteville and a Masters degree in Business Administration from the University of Utah.

SOURCE Newmont Mining Corporation

Stock quotes in this article: NEM 
Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs